Sorry but with all due respect, FLT is toast, particularly for anyone who purchased at a premium over the last 6 months (on the ignorant expectation that governments would miraculously give up their new found powers and suddenly re-open their borders).
Every state premier who has gone hard on tyrannical restrictions has won their election. Every politician around the world now knows that making incoherent, unscientific and tyrannical rules actually wins election (despite it ruining business, families ad personal lives).
An article out this morning confirms no borders re-opening until late 2022.
https://www.news.com.au/travel/travel-updates/health-safety/finance-minister-simon-birmingham-says-no-overseas-travel-until-later-in-2022/news-story/8098512c990408a8643fe8f404f05a1c
The question is now whether FLT or WEB will be the first to go insolvent. I haven't done the balance sheet sums, but if anyone is looking for a highly risky play in the travel sector, I would take a look at balance sheet positions and cash burn and then park my cash (at appropriate price point) in whichever travel stock I thought could out-last the other. Highly risky play, because if you get it wrong, there's a strong chance you lose the lot - but if it pays off, you end up with the only remaining personal travel stock on the ASX).
All of this is purely IMO, everyone should DYOR, and this is not financial advice
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$21.24 |
Change
-0.370(1.71%) |
Mkt cap ! $4.711B |
Open | High | Low | Value | Volume |
$21.50 | $21.58 | $21.22 | $13.58M | 638.4K |
Buyers (Bids)
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---|---|---|
4 | 1468 | $21.22 |
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Price($) | Vol. | No. |
---|---|---|
$21.25 | 15530 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1364 | 21.220 |
3 | 1531 | 21.210 |
4 | 5476 | 21.200 |
1 | 3552 | 21.190 |
1 | 5000 | 21.180 |
Price($) | Vol. | No. |
---|---|---|
21.250 | 15530 | 3 |
21.260 | 6711 | 2 |
21.270 | 3510 | 2 |
21.290 | 5875 | 2 |
21.310 | 5152 | 1 |
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